The research report released by CITIC Construction Investment Securities highlights that embodied AI is set to become a crucial driving force behind AI growth in the upcoming phase. Serving as a core component that bridges perception and feedback, there exists a substantial demand gap for real-world data. Constrained by the 'impossible trinity'—balancing fidelity, scale, and cost—the acquisition of real-world data is propelling the industry toward three key transformations:

• Business Model Innovation: Data collection is increasingly leveraging social crowdsourcing methods.
• Technological Advancement: Virtual data generation is being achieved through the utilization of world models.
• Asset Attribute Evolution: Data has transformed into a core intangible asset, commanding significant premiums for enterprises.

The supply-demand imbalance is spurring a reevaluation of the value of real-world data assets, with capital swiftly flowing into data infrastructure and evaluation sectors. The market landscape remains fluid, and enterprises equipped with scarce data resources and closed-loop data generation capabilities are well-positioned to secure core competitive advantages and premium valuations.